Forex Top Story


eur-usd3-041918.jpg The dollar is up against all of its major rivals Thursday afternoon. Traders are reacting to a trio of U.S. economic reports that were released this morning, the results of which proved mixed. A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S....

leading-indicator-index-041918.jpg A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference Board said its leading economic index rose by 0.3 percent.

philadelphiafedmanufacturing-041918.jpg Philadelphia-area manufacturing activity unexpectedly saw a modestly faster rate of growth in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity inched up to 23.2 in April.

cryptocurrencydailyroundup-041918.jpg Cryptocurrencies sustained their upward trend Thursday morning and market capitalization hit a four-week high, hovering around $350 billion. Bitcoin price was reportedly driven by massive sales by whales. Remarks from a popular hedge fund manager that it may be a time to buy the top cryptocurrency boosted market sentiment.

joblessclaims-us-041918.jpg A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended April 14th. The report said initial jobless claims edged down to 232,000.

retailsales-uk-041918.jpg UK retail sales declined more-than-expected in March on unusually cold and adverse weather, official data revealed Thursday. Retail sales including auto fuel, dropped 1.2 percent month-on-month in March, in contrast to a 0.8 percent rise in February, the Office for National Statistics reported. Sales were forecast to fall 0.6 percent.

barclays-cryptotrading-041818.jpg Barclays Plc, the British banking major, has reportedly reached out to its clients to gauge their interest in a cryptocurrency trading desk. The bank did a preliminary assessment of demand and feasibility of a cryptocurrency trading desk, Bloomberg reported, citing unidentified people familiar with the matter.

bitcoins-whale3-041918.jpg Bitcoin's price dropped nearly $200 in less than 30 minutes on Tuesday and many suspected a WHALE was behind this sharp fall. A WHALE in the crypto world is someone or a single wallet/account holding a huge amount, hundreds and thousands, of Bitcoins.

europeanecopreview-041918.jpg Retail sales from the UK and current account from euro area are due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for February. The current account surplus totaled EUR 37.6 billion in January.

trade.jpg The jobless rate in Australia came in at a seasonally adjusted 5.5 percent in March, the Australian Bureau of Statistics said on Thursday. That was in line with expectations and unchanged from the February reading following a downward revision from 5.6 percent. The Australian economy added 4.900...

newzealandcpi-071510.jpg Consumer prices in New Zealand added 0.5 percent on quarter in the first three months of 2018, Statistics New Zealand said on Thursday. That beat expectations for 0.4 percent and was up from the 0.1 percent increase in the three months prior. On a yearly basis, consumer prices climbed 1.1 percent...

gbp-usd3-041818.jpg The dollar is turning in a mixed performance against its major rivals Wednesday afternoon, but remains little changed overall. Traders have had little reaction to the release of the Beige Book this afternoon and there was no U.S. economic data this morning. However, the buck is posting a significant...

cryptocurrency-dailyroundup-041818.jpg Bitcoin rebounded Wednesday morning after a sharp fall late Tuesday, which was apparently due to a "whale dump" that refers to a single seller offloading a significant amount of the top cryptocurrency. The price of Bitcoin dropped more than $200 in under 30 minutes to around $7,860 at about 4 am ET. That was in contrast to expectation that there would be a rally as the Tax Day passed.

hodl2-cryptos-041818.jpg A space to explain the crypto world jargon, a word a day. And HODL is the word for today. One of the most common slang terms in the crypto sphere, HODL means to hold or remain invested in Bitcoin or any particular cryptocurrency, rather than sell it, amid falling prices.

uk-inflation-041818.jpg UK inflation slowed to a one year-low in March, diminishing scope for a rate hike in May as markets widely expect. Consumer prices climbed 2.5 percent year-on-year in March, slower than the 2.7 percent increase posted in February, the Office for National Statistics said Wednesday. Inflation was forecast to remain unchanged at 2.7 percent. This was the weakest rate since March 2017.

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